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Bitcoin Enjoys End of Year Price Surge

posted by martyb on Tuesday December 27 2016, @11:27PM   Printer-friendly
from the real-appreciation-of-virtual-currency dept.

Phoenix666 writes:

The value of the Bitcoin virtual currency has hit a three-year high with each one now worth about $900 (£730).

At the start of 2016, single coins were only worth around $435 but their value has climbed steadily all year.

The steady upward progress has continued despite regular hack attacks on virtual currency exchanges in which coins have been stolen.

Experts said the rise in value was linked to the long-term depreciation of the Chinese Yuan.

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  • (Score: 0) by Anonymous Coward on Wednesday December 28 2016, @06:39PM

    by Anonymous Coward on Wednesday December 28 2016, @06:39PM (#446783)

    Now any sorts of predictions made about economics are silly and should be ignored. :)

    FTFY.

    There is value in economics, economic models, and economists... but predictions should always be taken with a large grain of salt. Remember how people thought the market and economies would react to both Brexit and the election of Donald Trump?

    Quoting Truman, "Give me a one-handed economist! All my economists say, On the one hand on the other."

  • (Score: 2) by butthurt on Friday December 30 2016, @06:46AM

    by butthurt (6141) on Friday December 30 2016, @06:46AM (#447326) Journal

    Brexit hasn't happened yet.